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Sri Lanka will remain a middle-income country but request the World Bank to grant it some loans generally offered to poorer nations, the president's office said on Tuesday, clarifying a cabinet spokesperson's earlier comments on the matter.The post Sri Lanka to keep ‘middle-income’ status but seek concessional loans appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka -...
- Sri Lanka has asked to be de-gradudated to get IDA loans from World Bank (Category: Breaking News)
- Sri Lankan President proposes ADB to establish International University on Climate Change in Sri... (Category: Breaking News)
- Sri Lankan President explains Government’s tax policy while revealing the cause of inflation (Category: Breaking News)
- Proposal for Sri Lanka to downgrade itself to low-income country (Category: Breaking News)
[…]The post Are The IMF & Ranil Wickremesinghe Neoliberal? appeared first on Colombo Telegraph.
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Country Has Fallen Due To The Socialist Thinking (Category: Breaking News)
- Collective Consciousness Of Sri Lankans – Is It Constructive Or Destructive (Category: Breaking News)
- Elections & Economic Recovery (Category: Breaking News)
Group A-W will have 1 hour and 20 minutes power cut during the night.
World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva said there was a growing risk of global recession, with inflation remaining a continuing problem after Russia’s invasion of Ukraine.The post World Bank’s Malpass, IMF’s Georgieva see rising risks of Global Recession appeared first on Sri Lanka News - Latest Breaking News in Sri Lan...
- World Bank and IMF warn of risks of global recession (Category: Breaking News)
- IMF chief Georgieva cites ‘fruitful exchange’ with China on debt issues (Category: Breaking News)
- China agrees to formation of global sovereign debt ’roundtable’ – IMF chief (Category: Breaking News)
- Global economy faces tougher year in 2023, IMF chief warns (Category: Breaking News)
Sri Lankans have lost access to most medicine and medical supplies, setting them on course for a humanitarian disaster, Direct Relief reported. Unlike Russia’s invasion of Ukraine and the recent hurricane batterings of Puerto Rico and Florida, Sri Lanka’s crisis grew slowly and has garnered
- Americares donates more than $773,000 USD worth of medical supplies to Sri Lanka (Category: Breaking News)
- US donates medical equipment to Sri Lanka-wide hospitals (Category: Breaking News)
- US based charity sends essential medications to Sri Lanka (Category: Breaking News)
- Sri Lanka seeks bridge financing from Singapore (Category: Breaking News)
The people who raised their hands when these policies were made are now blaming us
- School officials demand end to cuts (Category: USA, South Carolina)
- Federal Way cuts tax to raise more money (Category: USA, Washington)
- More cuts in $100m GST black hole (Category: South Australia)
- OPEC+ agrees voluntary oil production cuts (Category: Breaking News)
By Saman Indrajith The poverty level in the country would increase sharply in the coming months and then no one will be able to stop a people’s uprising, MP Patali Champika Ranawaka said in Parliament on Thursday. “We need to establish a local mechanism to address human rights concerns. We have been saying this for […]
- IT professionals leaving country (Category: Breaking News)
- Govt plans accreditation for every profession (Category: Breaking News)
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (Category: Breaking News)
- BASL condemns govt. attempts to restrict freedom of expression (Category: Breaking News)
[…]The post Shocking & Damaging Performance Of BOI In Front Of COPF: Sack All The BOI Senior Staff To Save The Country! appeared first on Colombo Telegraph.
- Stop Using Schools As Political Platforms! (Category: Breaking News)
- Actually, The Foreign Ministry Certainly Seems Foreign Now (Category: Breaking News)
- Actually, The Foreign Ministry Certainly Seems Foreign Now (Category: Breaking News)
- Actually, The Foreign Ministry Certainly Seems Foreign Now (Category: Breaking News)
Sri Lanka’s president said Thursday his government has started debt restructuring discussions with China, an important step toward finalizing an International Monetary Fund rescue of the island nation from a severe economic crisis.The post Sri Lanka begins crucial debt restructuring talks with China appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- 6.2 million people in Sri Lanka facing moderate acute food insecurity – FAO (Category: Breaking News)
- Sri Lanka ranks 64 on Global Hunger Index 2022 (Category: Breaking News)
- Sri Lanka still among 10 countries with highest food price inflation (Category: Breaking News)
The card can be topped up in increments of 50 US dollars up to US$300
- Price Balance (Category: Business)
- Petrol Hike (Category: Business)
- Fuel prices increased in Sri Lanka (Category: Breaking News)
- Fuel Protests (Category: Business)
Japan has not yet reached an agreement to co-chair a debt summit with Sri Lanka’s creditors, a government official in Tokyo said on Thursday, as the island nation struggles to find a way out of a crippling economic crisis. Sri Lanka has to renegotiate around $30 billion of foreign debt
- Rights group seeks arrest of Gotabaya Rajapaksa in Singapore (Category: Breaking News)
- World welcomes 2023 and leaves a stormy year behind (Category: Breaking News)
- Paris Club to give Sri Lanka financing assurances (Category: Breaking News)
- England’s Wood, Malan in doubt for T20 World Cup semi-final (Category: Breaking News)
A look at global debt statistics would show that almost all countries, irrespective of their economic status, obtain loans. The USA, the second richest country on the basis of PPP index, has a debt burden of more than 100% of their GDP, which is much more than some of the developing countries such as Brunei […]
- Forbes: Lanka, Pakistan and Maldives among biggest debt burdens to China (Category: Breaking News)
- Debt Trap Lessons (Category: Breaking News)
- Central Bank eyeing USD 8 -10 billion currency reserves in 3-4 years (Category: Breaking News)
- Ranawaka: It’s possible to prosecute those who bankrupted country (Category: Breaking News)
Trading was halted for second straight day after the liquid index plunged over 5% on Tuesday.
- Sri Lanka shares fall on profit taking (Category: Breaking News)
- Sri Lanka sells Rs81bn in Treasuries, yields steady (Category: Breaking News)
- Sri Lanka sells Rs127bn in bonds, 2032 on tap at 30.09-pct (Category: Breaking News)
- Sri Lanka stocks gain on financials; Sampath Bank leads (Category: Breaking News)
Sri Lanka's central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained stubbornly high despite a sharp contraction in the crisis-hit economy.The post Sri Lanka Central Bank to hold rates as inflation worries persist appeared first on Sri
- Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka’s Central Bank holds policy interest rates at current levels (Category: Breaking News)
- Sri Lanka’s Central Bank to hold rates as inflation stays high (Category: Breaking News)
1 hour 20 mins in the evening
- How long will power cuts be? (Category: Breaking News)
- No power cuts during the weekend (Category: Breaking News)
- No weekend power cuts for Sri Lanka (Category: Breaking News)
- PUCSL makes u-turn and approves further power cuts (Category: Breaking News)
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
CB credit slows
- Sri Lanka private credit negative in June 2022, Rs189bn printed (Category: Breaking News)
- Sri Lanka private credit negative in July (Category: Breaking News)
- Sri Lanka sells less than offered volume of bills, yields fixed (Category: Breaking News)
- Sri Lanka’s Ceylon Electricity Board loses Rs32bn in 1Q as price hikes stalled (Category: Breaking News)
One our in the day time and one hour and 20 minutes in the night
- No power cuts until further notice (Category: Breaking News)
- Lights coming back on after power outage in Rankin County (Category: USA, Mississippi)
- Lights coming back on after power outage in Rankin County (Category: USA, Mississippi)
- Lights coming back on after power outage in Rankin County (Category: USA, Mississippi)
CEB has to pay arreas of 10-months to the sector
- Sri Lanka gets 6000MW of renewable energy proposals as competitive bidding ends (Category: Breaking News)
- Sri Lanka renewable energy sector may go to court over unsettled CEB arrears (Category: Breaking News)
- Sri Lanka’s CEB in profits amid rains, price hike (Category: Breaking News)
- Lanka looking for cheaper three-year private power to plug capacity gap (Category: Breaking News)
By Ifham Nizam Instead of offers on debt cancellation, the Asian Development Bank (ADB) President Masatsugu Asakawa assured that they would provide more support to Sri Lanka to get out of the economic crisis.The ADB chief was responding to Hemantha Withanage, who was representing the Centre for Environmental Justice (ECJ) on behalf of the NGO Forum on ADB and other civil […]
- ADB approves USD 350 million loan for economic stabilisation in Sri Lanka (Category: Breaking News)
- ADB approves $350 mn for Sri Lanka Economic Stabilization Programme (Category: Breaking News)
- Chinese loans: Debt restructuring to commence in earnest after 20th National Congress of CPC (Category: Breaking News)
- GR govt. ignored Chinese lenders’ request for debt restructuring (Category: Breaking News)
A key measure of Sri Lanka's consumer inflation surged to an annual record 69.8% in September, official data showed on Friday, highlighting the challenge for the central bank as the island reels under its worst financial crisis in seven decades.The post Sri Lanka’s key inflation rate surges
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Rising food prices drive Sri Lanka inflation up to 4.2% in December (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 54.2% in January (Category: Breaking News)
Sri Lanka is struggling to secure dollar earnings and that has threatened its fuel, gas imports.
- Pension Plan (Category: Business)
- State Control (Category: Business)
- Circular issued for state sector workers on taking no-pay leave for foreign jobs (Category: Breaking News)
- When Will Sri Lankan Children Be Prioritized In This Crisis? (Category: Breaking News)
[…]The post How We Came To This Pass – The Aragalaya Challenge appeared first on Colombo Telegraph.
- How We Came To This Pass – On The “Non-Rule Of Law System” (Category: Breaking News)
- How We Came To This Pass: A Quest For Scapegoats (Category: Breaking News)
- How We Came To This Pass – Waiting On IMF (Category: Breaking News)
- Anniversary Angst (Category: Breaking News)
[…]The post Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers appeared first on Colombo Telegraph.
- Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work (Category: Breaking News)
- Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap (Category: Breaking News)
- A Child’s Guide To Demand Of 182 Academics For Cancelling Sri Lanka’s Foreign Debt (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
The UK is providing urgent food and farming support to Sri Lankans hit hardest by the economic crisis, UK Minister of State for the Middle East, South Asia, and the UN, Lord Tariq Ahmad of Wimbledon said. More than one third of people are struggling to eat and are suffering shortages of fuel, power
- UK working with India to address issues in Sri Lanka (Category: Breaking News)
- UK Minister speaks to Ranil on protests, media freedom (Category: Breaking News)
- UK Minister Tariq Ahmad calls Sri Lankan President to discuss security and economic situation in... (Category: Breaking News)
- UK calls for inclusive approach to resolve crisis in Sri Lanka (Category: Breaking News)
The country has lost several hundred thousand jobs to Covid-19. The impact of the agrochemical ban on agriculture, the mismanagement of the exchange rate, a highly accommodative monetary policy, and the use of foreign exchange reserves for debt repayment thwarted the country’s ability to recover from the initial shock of COVID-19, an ILO study titled, […]
- Sri Lanka will be secured if India is secured - Gopal Baglay (Category: Breaking News)
- India hoping for early solution for Sri Lankan crisis through democratic means (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- U.S. announces additional $5.75 Mn in response to Sri Lanka s economic crisis (Category: Breaking News)
Japan, one of Sri Lanka's main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo's envoy to the country said on Friday.The post Japan to support Sri Lanka’s debt restructuring
- Japan ready to support debt restructuring – Japanese Ambassador (Category: Breaking News)
- Japan Grants USD 46 Million to Provide Diesel for Sri Lanka’s Hospitals (Category: Breaking News)
- Japan Grants USD 46 Million to Provide Diesel for Sri Lanka’s Hospitals (Category: Breaking News)
- Japanese Ambassador assures Japan’s support for Sri Lanka’s Economic development efforts (Category: Breaking News)
Japan, one of Sri Lanka’s main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo’s envoy to the country said on Friday. Reaching an agreement with creditors is key to Sri Lanka
- India writes to IMF backing Sri Lanka’s debt restructuring plan (Category: Breaking News)
- SC allows proceedings against GR, MR to proceed (Category: Breaking News)
- Sri Lanka’s Chinese-built Lotus Tower limits visiter time to 20 minutes (Category: Breaking News)
- Japan says no pact yet with Sri Lanka on debt restructure talks (Category: Breaking News)
A meeting was held with the minister and other stakeholders on September 06
- FAO to provide Urea, cash for crisis-hit Sri Lankan small-hold farmers (Category: Breaking News)
- World Bank to grant $110 mln loan to crisis-hit Sri Lanka for fertilizer import – Minister (Category: Breaking News)
- Sri Lanka must rebuild agriculture sector immediately to prevent food shortages: PM (Category: Breaking News)
- European Union donates 3,820 tonnes of urea fertilizer to Sri Lanka’s paddy farmers (Category: Breaking News)
"Wearing a saree reduces productivity because we have to wear appropriate accessories such as heels"
- 12-year-old dies in strangulation accident (Category: Breaking News)
- Cantaloupe Boutique features ‘the saree’ (Category: Business)
- Indian designer saree sale (Category: Business)
- Home Makers Haven 2012 (Category: Business)
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